888-776-0942 from 8 AM - 10 PM ET

DUBLIN , Aug. 25, 2022 /PRNewswire/ -- The "Electric Vehicles and Fuel Cell Vehicles: Global Markets" report has been added to ResearchAndMarkets.com's offering.

This report discusses three future scenarios, that is, pessimistic, consensus, and optimistic; forecasts are provided for the consensus scenario. Power source (lithium-ion batteries and fuel cells) sales and values are provided. A patent analysis and discussion of power sources and vehicle components describe the areas in which research is being performed and emphasizes intellectual property issues.

Although e-scooters have the largest share in unit sales in the overall EV market, the passenger EV segment holds the highest share in revenue among all the EV segments. The EV market's significant growth in revenue will come from the increasing number of passenger vehicles due to the increasing unit sales and higher unit sale costs. By region, Asia-Pacific leads the global electric vehicles market. China leads the Asia-Pacific region and the world market in unit sales of electric cars/passenger cars. Europe and North America follow Asia- Pacific in terms of passenger car unit sales. China also leads the world in e-scooter unit sales and revenue. A rising number of nations have promised to eliminate internal combustion engines or have aggressive car electrification goals for the coming decades. Meanwhile, many automakers have plans to electrify fleets that exceed legislative goals. In 2021, there were five times as many new EV models as in 2015, increasing their appeal to consumers. The COVID-19 outbreak and Russia and Ukraine war have created a sudden disruption in global supply chains, particularly in the automotive industry. Soon, delays in EV delivery to clients may stifle sales growth in some countries. However, in the long run, government and business efforts to electrify transportation are laying a solid foundation for future EV sales growth. Access to public charging will need to extend as EV markets grow. Most EV charging now occurs at people's homes and offices. Consumers will increasingly demand EVs provide the same services, simplicity, and autonomy as conventional automobiles.

The values are expressed in billions of dollars ($ billions), and shipments/volumes are expressed in thousands of units. Values are based on the equivalent of wholesale, or the price charged to the retailer before mark-up. However, advanced EVs are sold below the actual manufacturing cost. This may be due to regulatory compliance or the desire to establish a market before the economics of scale take hold. The cost to consumers may be reduced considerably when government subsidies or possible tax breaks are considered in the dealer price.

The publisher analyzed the industry worldwide regarding the manufacturing and deploying technologies or products. For the most relevant and available EVs, The publisher examined the role of government both in regulating the industry and supporting electric vehicle & fuel cell vehicles through promotional incentives. The report discusses recent trends and sales and provides industry overviews and market assessments for leading EV technology. Estimated values used are based on manufacturers' total revenues.

Regional and country-level markets are segmented and analyzed by configuration and application. The report also covers the impact of the COVID-19 pandemic. The market sizes and estimations are provided regarding revenue, with 2021 as the base year; market forecasts will be given for 2022 to 2027.

Chapter 4 Market Breakdown by Configuration

Chapter 5 Market Breakdown by Vehicle Type

Chapter 6 Market Breakdown by Power Source

Chapter 7 Market Breakdown by Region

For more information about this report visit https://www.researchandmarkets.com/r/ktofv9

Research and Markets Laura Wood , Senior Manager [email protected]

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Cision Distribution 888-776-0942 from 8 AM - 9 PM ET